I loved my time at the Bamboo Flat. It is such a quaint place about 200m up from the beach at Ponta Negra - and what a beach! The Bamboo has nice big rooms, fully air conditioned, clean as a whistle.
The owner Marco is a fantastic guy. I was here for 4 days during the World Cup. Last Christmas I mailed him asking for info about how to book intercity buses in Brazil. Not only did he give me the info, he booked every single one for me ( 7 in total) and wouldn't accept a penny in payment until I arrived in person. magnificent service, I really can't praise the man highly enough. Also, he was brilliant when we were there, organising taxis, giving advice and recommendations, just a brilliant host- so reassuring when you are a stranger to the country!
The Bamboo is at the end of the main street, there is a supermarket about 200m away, ATM's nearby and as I said, it is very close to the beach where all the best bars and restaurants are.
Fantastic place. HIGHLY RECOMMENDED